Mirae Asset Global Investments Co. Ltd. Cuts Stock Position in iShares U.S. Tech Independence Focused ETF $IETC

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 84.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,971 shares of the company’s stock after selling 118,780 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares U.S. Tech Independence Focused ETF were worth $2,240,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Cascade Financial Partners LLC purchased a new stake in iShares U.S. Tech Independence Focused ETF during the second quarter worth about $212,000. Brendel Financial Advisors LLC bought a new position in shares of iShares U.S. Tech Independence Focused ETF during the 3rd quarter valued at approximately $1,071,000. Global Retirement Partners LLC increased its stake in shares of iShares U.S. Tech Independence Focused ETF by 47.0% during the 3rd quarter. Global Retirement Partners LLC now owns 15,597 shares of the company’s stock worth $1,590,000 after purchasing an additional 4,984 shares during the last quarter. HB Wealth Management LLC bought a new stake in shares of iShares U.S. Tech Independence Focused ETF in the 2nd quarter worth approximately $235,000. Finally, Hoese & Co LLP raised its holdings in shares of iShares U.S. Tech Independence Focused ETF by 606.7% in the 3rd quarter. Hoese & Co LLP now owns 8,233 shares of the company’s stock worth $839,000 after purchasing an additional 7,068 shares during the period.

iShares U.S. Tech Independence Focused ETF Trading Up 13.7%

iShares U.S. Tech Independence Focused ETF stock opened at $95.51 on Wednesday. The business’s 50 day simple moving average is $101.68 and its 200 day simple moving average is $101.01. iShares U.S. Tech Independence Focused ETF has a 12 month low of $64.06 and a 12 month high of $98.03. The company has a market cap of $687.66 million, a price-to-earnings ratio of 37.47 and a beta of 1.18.

iShares U.S. Tech Independence Focused ETF Company Profile

The iShares Evolved U.S. Technology ETF (IETC) is an exchange-traded fund that is based on the MSCI USA IMI Information Technology index. The fund is an actively managed fund of US stocks in the information technology sector according to an alternative classification system defined by machine learning algorithms. The market cap-weighted fund targets an increased exposure to firms with high Technology Independence Score. IETC was launched on Mar 21, 2018 and is managed by BlackRock.